On Monday morning, organizers of the Quiksilver in Memory of Eddie Aikau contest gave the official green light, marking the first time it will run since December of 2009, when California surfer Greg Long was crowned the champion.

The one-day, invitation-only event is held at Waimea Bay on the famed North Shore of the Hawaiian island of Oahu.

Running the contest requires massive waves and perfect conditions -- which is why it's only been held eight times since its inception in 1985.

Organizers said in a statement that they anticipate a solid day of surf on Wednesday that will meet the event's strict wave-face height requirement of 40 feet, with favorable light winds in the morning.

"It has taken us six years to pull the trigger, but this is the first swell we have seen that is truly lining up as an Eddie swell," event director Glen Moncata said in a release.

Seven surfers ride a large wave at Waimea on Oahu. The bay at Waimea is home to Hawaii's biggest surf with waves reaching up to 35 feet. The ancient Hawaiians believed that the waters of the bay were sacred.